Naira falls 18% to N951.22/$ in NAFEM
Economy, Headlines, Naira (Currency) Friday, December 8th, 2023By Elizabeth Adegbesan
The naira yesterday depreciated to N951.22 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N951.22 per dollar from N806.73 per dollar on Tuesday, indicating 18 percent or N144.49 depreciation for the naira.
Similarly, the naira depreciated to N1,172 per dollar in the parallel market from N1,168 per dollar on Tuesday.
As a result, the gap between the official and parallel market exchange rates narrowed to N220.78 per dollar yesterday from N361.27 per dollar on Tuesday.
-Vanguard
Related Posts
- FG declares NAIA first fully cashless airport in Nigeria
- On Ashleigh Plummer, Super Falcon defender, playing in Saudi league – some regrets
- Tinubu urges Southeast politicians to emulate late Michael Okpara’s politics
- Rivers Gov. Fubara, returns from suspension, dissolves cabinet, sacks political appointees
- Nigeria @65: 12 major achievements Tinubu highlighted in Independence Day speech
Short URL: https://newnigerianpolitics.com/?p=67341
Posted by admin
on Dec 8 2023. Filed under Economy, Headlines, Naira (Currency).
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
